banner_ad

on depreciation

175 views 3 replies
Guest
can I reduce the tax liability from profession by showing depreciation on vehicle??
Reply Share Follow
On 24 July 2018 at 23:38 Report
Replies (3)
User Avatar

"Do the Right Thing...!!!"
128147 Points Posted on 25 July 2018
Yes.... Why not? If it's under the business / profession account.
463 Reply
On 25 July 2018 at 00:02
User Avatar

Accountant
23 Points Posted on 25 July 2018
if you take input tax credit on fixed assets capital goods you cannot claim for depreciation
Reply
On 25 July 2018 at 11:04
User Avatar

maudzedun
38 Points Posted on 31 July 2018

Thanks for your advice and quick response, it really helped. Once again I am convinced of the great benefits of this blog 192.168.1.254

Reply
On 31 July 2018 at 17:58


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details